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UK government slashes growth forecast for next year

News by Newsroom on 08:53 EST November 22, 2017
Headlines of Philip Hammond's Autumn 2017 Budget revealed on Wednesday morning:

UK manufacturing orders best since the 80s

News by Allie Longford on 07:33 EST November 21, 2017
The UK manufacturing industry has reported on Tuesday its strongest total orders since August 1988.

Draghi not convinced inflation is picking up

News by Allie Longford on 10:59 EST November 20, 2017
Draghi testified on the European Systemic Risk Board before the European Parliament Economic and Monetary Affairs Committee, in Brussels on Monday afternoon.

Euro lower as the end of the Merkel era looms in the horizon

News by Allie Longford on 09:42 EST November 20, 2017
The Euro trades slightly lower against most of its counterparts at the beginning of the week as trouble emerges in Germany.

Japan exports grow but trade balance surplus shrinks

News by Newsroom on 20:46 EST November 19, 2017
Ministry of Finance (MOF) data out on Monday morning show that exports rose 14.0 percent year-on-year in October, led by shipments of cars to Australia and raw materials for plastics to China.

Canada annual inflation Slowed in October

News by Newsroom on 10:03 EST November 17, 2017
Canada's consumer-price index rose 1.4% on a year-over-year basis in October, Statistics Canada said on Friday, following a 1.6% advance in September.

Unemployment claims unexpectedly on the rise

News by Newsroom on 10:30 EST November 16, 2017
The number of Americans filing applications for unemployment benefits for first time increased again last week to 249,000 the Labor Department reported on Thursday.

Dismal retail sales dump optimism

News by Newsroom on 08:32 EST November 15, 2017
US retail sales increased by 0.2% in the month of October, far below the 1.6% anticipated.

UK employment fell by most in more than two years and wages lag inflation

News by Newsroom on 05:06 EST November 15, 2017
UK employment fell in the third quarter to 32 million people, down by 14,000 from the previous quarter.

Inflation to emerge soon as producer prices surge most in six years

News by Newsroom on 09:43 EST November 14, 2017
U.S. producer prices rose more than anticipated in October, driven mainly by a surge in the cost of services, leading to the biggest annual increase in wholesale inflation in nearly 6 years.

China’s Economy slows as retail, factories and investment fade

News by Newsroom on 23:05 EST November 13, 2017
China’s industrial output was soft last month, while fixed asset investment and retail sales grew at a lower pace than anticipated, suggesting the economy may be loosing some steam at the end of the year as the government tries to reduce debt risks.

GE shares plunge 7% in biggest decline since housing recession

News by Newsroom on 21:40 EST November 13, 2017
It is not all as rosy as the ever ascending Wall Street indices may suggest.

Spanish IBEX loses the 10,000 mark

News by Newsroom on 09:19 EST November 13, 2017
Bad start of the week for stocks on both sides of the Atlantic.

U.K. construction posts worst decline in five years

News by Newsroom on 05:48 EST November 10, 2017
For two quarters in a row the UK construction sector has been in declined figures from the Office for National Statistics released on Friday show.

Kiwi on demand after RBNZ considers new government policies "uncertain"

News by Newsroom on 18:07 EST November 08, 2017
The Reserve Bank of New Zealand said on Thursday that the impact of the policies of the new Labour-led government was "very uncertain," but that the prospect of greater fiscal stimulus led the bank to sound upbeat on growth going forward.

Gold heads lower

Tech analysis by Simon Kazinsky on 11:26 EST November 07, 2017
Gold continues its descend against the dollar.

Euro zone retail sales at its fastest growth in 2 years

News by Newsroom on 09:34 EST November 07, 2017
Clothes and furniture boost euro zone retail sales in September despite a fall in motor fuel sales, pointing to rising domestic demand as the economy gathers pace.

The pound is ready to dive once again

Tech analysis by Simon Kazinsky on 09:52 EST November 06, 2017
The pound remains weak against most of its major counterparts and certainly versus both the US dollar and the Euro.

Eurozone inflation accelerating more than expected

News by Newsroom on 05:59 EST November 06, 2017
Prices at the factory gate hiked 2.9 percent year-over-year in September, after a 2.5 percent increase in August.

Japanese Yen drops as BoJ Kuroda commits to loose monetary policy

News by Newsroom on 21:26 EST November 05, 2017
The Japanese Yen dipped to its weakest levels against the US Dollar since March at the start of the week as Bank of Japan Governor Haruhiko Kuroda addressed the press.

Australian dollar poised for another wave down

Tech analysis by Simon Kazinsky on 21:08 EST November 05, 2017
The dollar continues to show signs of strength across the board and it appears on the verge of starting another leg up.

Stocks highers and dollar strong at the end of the week

News by Newsroom on 13:51 EST November 03, 2017
Stock indices are heading north at the end of the week with the S&P500 set to establish an all time weekly close in Friday afternoon near the 2,600 mark.

US business investment showing best gain in 14 months

News by Newsroom on 11:11 EST November 03, 2017
US factory orders up 1.4 percent in September, with business investment showing best gain in 14 months.

US non-farm payroll much worse than anticipated and wages shrink

News by Newsroom on 08:55 EST November 03, 2017
The U.S. economy added 261,000 jobs last month.

Retail sales in Australia at its weakest period in seven years

News by Newsroom on 22:54 EST November 02, 2017
Australian Bureau of Statistics Thursday's data showed retail sales were flat in September, a big surprise to analysts that had expected a bounce of 0.4 percent following an abrupt decline in August.

Big news but quiet markets aside of the pound weakness

News by Allie Longford on 15:35 EST November 02, 2017
Quiet day in terms of overall volability, these are the latest prices and moves for EURUSD, SPX, Gold and other major currencies and indices.

Bank of England increases interest rate for first time in almost a decade and pound falls sharply

News by Newsroom on 08:14 EST November 02, 2017
The BoE sets the rate at 0.5%, first hike since the financial crisis in 2008. 7 members of the committee agreed and 2 dissented.

Initial Jobless Claims just released ahead of ECB Draghi press conference.

News by Newsroom on 08:44 EST Octuber 26, 2017
No surprise as initial jobless claims in the US came at 233,000 in line with expectations.

Live stream - ECB Draghi October press conference

News by Newsroom on 08:16 EST Octuber 26, 2017
ECB Drahi addresses the press after the central bank announced earlier this morning it leaves the minimum bid rate at 0%. The ECB chairman may however announce the start of the plan to gradually remove the stimulus the bank has provided to the EU zone.

ECB leaves rate unchanged

News by Newsroom on 07:45 EST Octuber 26, 2017
The ECB keeps its key interest rate on the main refinancing operations that provide liquidity to the EU banking system at 0.00% as expected.